Your limited company is required to file annual accounts to Companies House even if it’s currently in a dormant state. This is a key statutory requirement for companies in the UK. Understanding how and when to file your company annual accounts is essential for any business owner. Failure to do so ...
Finding ways to keep costs under control when you’re starting out in business can be challenging. Accessing professional services, such as marketing, or business advice, may seem like an indulgence, but will often provide a return on your investment at a later date. If finances are tight, you may ...
Running a limited company comes with a range of responsibilities, not least when it comes to accounting. Keeping accurate financial records is essential for limited companies for both compliance and financial management reasons. Preparing and filing annual accounts can be time-consuming and complex,...
Setting up a limited company brings with it a range of responsibilities. Ensuring that financial records are accurate and compliant is essential, and to achieve this will usually require accountancy services. Limited company accountant fees can vary considerably depending on a range of factors. Why ...
How to Achieve tax efficiency in personal and business finances? Becoming as tax efficient as possible should be a high priority for every business owner. Whatever the size of your operation, or its annual turnover, tax efficiency can free up extra resources to grow and develop your bu...
The accounting requirements for private limited company businesses in the UK can seem complex and difficult to understand. Limited companies are legally required to prepare and file annual accounts to Companies House and HM Revenue and Customs (HMRC). Limited company accounting should provide a comp...
Annual accounts provide a comprehensive summary of a company’s financial position, health, and activities over a specific period. Typically, this will be a fiscal year, providing an easy-to-understand guide to the company’s performance. Limited company annual accounts provide a detailed overview...
Year-end accounts are a critical component of running a limited company. They provide a comprehensive overview of the overall financial health of the company, as well as ensuring transparency. Crucially, they’re required to ensure companies meet their statutory obligations. Understanding what’s ...
A key date in any company calendar is the business tax deadline. Knowing when to file business taxes is not only important for ensuring you meet your tax obligations, it can also help with tax planning. For a small business, when to file taxes is one of the most important dates in the business year....
Business tax credits are government incentives designed to support companies of all sizes while encouraging particular behaviours, strategies or investments. They take various forms, including exemptions, allowances, and reliefs, but a common element is they reduce a company’s tax liability. Busin...